Newbridge Financial Services Group Inc. Buys 38,849 Shares of CoreWeave Inc. $CRWV

Newbridge Financial Services Group Inc. raised its stake in shares of CoreWeave Inc. (NASDAQ:CRWV) by 890.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,211 shares of the company’s stock after acquiring an additional 38,849 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in CoreWeave were worth $3,094,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC raised its holdings in shares of CoreWeave by 166.7% in the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 125 shares during the last quarter. HighMark Wealth Management LLC bought a new position in shares of CoreWeave in the third quarter valued at about $27,000. OLD Second National Bank of Aurora bought a new position in shares of CoreWeave in the third quarter valued at about $27,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of CoreWeave in the third quarter valued at about $27,000. Finally, Aspect Partners LLC bought a new position in shares of CoreWeave in the third quarter valued at about $28,000.

Insider Activity

In other news, insider Brian M. Venturo sold 912,122 shares of CoreWeave stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $79.18, for a total transaction of $72,221,819.96. Following the transaction, the insider owned 285,327 shares in the company, valued at $22,592,191.86. The trade was a 76.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 300,000 shares of CoreWeave stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $72.61, for a total value of $21,783,000.00. Following the transaction, the insider owned 248,664 shares in the company, valued at $18,055,493.04. This trade represents a 54.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,211,208 shares of company stock worth $520,614,381 in the last 90 days.

CoreWeave Price Performance

CoreWeave stock opened at $80.94 on Tuesday. The firm has a market capitalization of $33.92 billion and a P/E ratio of -25.29. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The business has a 50-day moving average of $86.19 and a 200-day moving average of $95.48. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 4.46.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The company had revenue of $1.57 billion for the quarter. CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.CoreWeave’s revenue for the quarter was up 110.4% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CRWV shares. Barclays cut their price target on CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. Citigroup cut their price target on CoreWeave from $135.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. HC Wainwright reaffirmed a “buy” rating and issued a $180.00 price target on shares of CoreWeave in a report on Monday, March 2nd. Oppenheimer started coverage on CoreWeave in a report on Friday, March 6th. They issued an “outperform” rating and a $140.00 price target for the company. Finally, The Goldman Sachs Group started coverage on CoreWeave in a report on Monday, January 12th. They issued a “neutral” rating and a $86.00 price target for the company. Nineteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.06.

CoreWeave Profile

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.